IBS Group Member Integrated HR Management System for Mail.Ru Group

      IBS Group Member Integrated HR Management System for Mail.Ru Group

  PR Newswire

  RAMSEY, Isle of Man, April 12, 2013

RAMSEY, Isle of Man, April 12, 2013 /PRNewswire/ --

    Please refer to relevant legal information at the end of the document

IBS Group , a leading software development and ITservices provider in Central
and Eastern Europe, today announces that IBS IT Services, a member of IBS
Group, has launched an HR Management System (HRMS) for Mail.Ru Group based on
a solution by SAP.

The information system contains data on over 2,000 employees in the Mail.Ru
Group's offices nationwide. The potential automation system was launched
within tight deadlines and had to include a deployment tool for an employee
self-service portal with broad functions (vacation and business trip
applications, access to personal data stored by the company, etc.).

The preparatory stage of the project took a mere two months. Simultaneously,
IBS IT Services was handling data migration and reworked its standard
SAP-based solution to meet individual needs of Mail.Ru Group.

"Having studied the market, we realised that none of the vendors could offer
us a standard HR management automation solution to match our needs exactly,"
comments Veronica Gedgafova, HR Director of Mail.Ru Group.  "Therefore, we
had to choose a partner whose standard system would be the best available
match for our requirements and customisable to our business processes, with
adequate IT and HR expertise, industry insight, and high standards of
automation processes. IBS Group has proved to be our best choice, and its
standard solution was reworked to meet our requirements in consultation with
our own HR, finance and IT teams."

The implemented project ensures effective staff movement management and
compliance with all the personnel record and payroll regulations, as well as
financial (or management) accounting rules.

Sergey Matsotsky, Senior Vice President of IBS Group , commented on the
project by saying: "We are proud to have proved the competitive advantages of
our company by showcasing our competences and the benefits of using IBS
solutions that we developed drawing on our expertise of large-scale HR
management automation projects. Working with Mail.Ru Group was an exciting
experience because our partner was dedicated to putting this complex project
across and ready for the challenges posed by the tight deadlines we had to
meet and the broad functionality of the system deployed. We consider it a fine
example of how IT projects implementation within reasonable timeframes and
with quantifiable results is made possible today through the joint efforts of
a competent client and a qualified developer."

The system will subsequently be enhanced by providing the management realtime
access through a dedicated portal to employee data, such as payroll costs per
each business unit, training, holidays, business trip schedules, hiring plans,
candidate profiles, etc.

About IBS Group Holding Limited

IBS Group is a leading software development and IT services provider in
Central and Eastern Europe. Through its two principal subsidiaries, Luxoft and
IBS IT Services, it offers a wide variety of information technology services,
such as software development and IT services outsourcing, IT infrastructure
and business applications implementation. IBS Group has business operations in
Russia, Ukraine, Romania, Poland, Germany, Switzerland, the UK, the USA,
Vietnam and Singapore. IBS Group employs more than 8,300 people worldwide. In
the year ended March 31, 2012, the Group reported US GAAP consolidated
revenues of USD816.3 million. IBS Group's Global Depositary Receipts are
listed on the Regulated Market (General Standard) at the Frankfurt Stock
Exchange (Bloomberg: IBSG:GR; Reuters: IBSGq.F)

About Mail.Ru Group

Mail.Ru Group (LSE:MAIL, listed since November 5, 2010) is a leading Internet
company in the high-growth Russian-speaking Internet markets (Russia is
Europe's largest Internet market measured by number of users, comScore).
Mail.Ru Group's sites reach approximately 85% of Russian Internet users on a
monthly basis (comScore, December 2012) and the Company is in the TOP-5
largest Internet business, based on the number of total pages viewed
(comScore, December 2012).

In line with the Communitainment (Communications + Entertainment) strategy the
Company is moving rapidly to build an integrated communication and
entertainment platform. The Company operates two of the three largest Russian
language online social networking sites (Odnoklassniki and Moi Mir (or "My
World")). The Company also operates the two largest Instant Messaging networks
in Russia (Mail.Ru Agent and ICQ), Russia's leading email service and Russia's
largest Internet portal Mail.ru, and the Company operates Russia's largest
online games platform.

The Company holds strategic minority equity stakes in VKontakte (39.99%) and
Qiwi, formerly OE Investments (21.35%). The Company also holds small minority
stakes in international Internet companies including Facebook, and a number of
small venture capital investments in various Internet companies in Russia and
Ukraine.

About SAP

As market leader in enterprise application software, SAP (NYSE: SAP) helps
companies of all sizes and industries run better. From back office to
boardroom, warehouse to storefront, desktop to mobile device - SAP empowers
people and organizations to work together more efficiently and use business
insight more effectively to stay ahead of the competition. SAP applications
and services enable more than 195,000 customers (includes customers from the
acquisition of SuccessFactors) to operate profitably, adapt continuously, and
grow sustainably. For more information, visit http://www.sap.com

Disclaimer

The information contained in this press release is not for publication,
distribution or release, directly or indirectly, in any jurisdiction where
such publication, disclosure or release would be unlawful. This press release
does not constitute an offer for the sale of securities in the United States
of America, Canada, Australia, Japan or any other jurisdiction in which an
offer would be subject to legal restrictions.

For more information about IBS Group please visit http://www.ibsgr.com 

Contact: Investor Relations: Andrei Novikov, IR Director, tel: +7 (495) 967
8000 (ext.3095), anovikov@ibs.ru; Media Relations: Ekaterina Beskhizhko, PR
Manager, tel: +7 (495) 967 8080 (ext.2963), ebeshizhko@ibs.ru
 
Press spacebar to pause and continue. Press esc to stop.